🔔🔔🔔EUR/USD news:
👉The EUR/USD exchange rate has fallen sharply as the euro came under pressure after ECB President Christine Lagarde's warning of economic risks to the eurozone from potential US tariffs.
👉Lagarde completed before the European Parliament's Economic and Monetary Affairs Committee during European trading hours on Thursday. She said that the 25% tariffs imposed by the United States on European imports, as threatened by US President Donald Trump, could reduce eurozone growth by around 0.3% in the first year, according to ECB analysis. The study also found that retaliatory tariffs from Europe could push that down to around 0.5%.
👉Concerns about weak economic growth in the eurozone are dampening the appeal of the euro, as they could force the ECB to make further rate cuts.
👉Meanwhile, the US Dollar Index (DXY) rose as the Federal Reserve showed no urgency in adjusting its monetary policy. The central bank keeps its benchmark interest rate in a range of 4.25% - 4.50%, despite uncertainty surrounding President Trump's policies.
Personal analysis:
👉EUR/USD will continue to sell after these statements. Buying is risky at this time
👉DXY has increased for the third consecutive day and shows no signs of stopping, after the daily RSI entered the overbought zone and showed signs of increasing convergence, making EUR/USD more likely to fall.
Plan:
🔆Price Zone Setup:
👉Sell EUR/USD 1.0860 – 1.0870
❌SL: 1.0905 | ✅TP: 1.0810 – 1.0760– 1.0710
FM wishes you a successful trading day 💰💰💰
👉The EUR/USD exchange rate has fallen sharply as the euro came under pressure after ECB President Christine Lagarde's warning of economic risks to the eurozone from potential US tariffs.
👉Lagarde completed before the European Parliament's Economic and Monetary Affairs Committee during European trading hours on Thursday. She said that the 25% tariffs imposed by the United States on European imports, as threatened by US President Donald Trump, could reduce eurozone growth by around 0.3% in the first year, according to ECB analysis. The study also found that retaliatory tariffs from Europe could push that down to around 0.5%.
👉Concerns about weak economic growth in the eurozone are dampening the appeal of the euro, as they could force the ECB to make further rate cuts.
👉Meanwhile, the US Dollar Index (DXY) rose as the Federal Reserve showed no urgency in adjusting its monetary policy. The central bank keeps its benchmark interest rate in a range of 4.25% - 4.50%, despite uncertainty surrounding President Trump's policies.
Personal analysis:
👉EUR/USD will continue to sell after these statements. Buying is risky at this time
👉DXY has increased for the third consecutive day and shows no signs of stopping, after the daily RSI entered the overbought zone and showed signs of increasing convergence, making EUR/USD more likely to fall.
Plan:
🔆Price Zone Setup:
👉Sell EUR/USD 1.0860 – 1.0870
❌SL: 1.0905 | ✅TP: 1.0810 – 1.0760– 1.0710
FM wishes you a successful trading day 💰💰💰
Trade active
EUR/USD checkHit +60 pips from 1.0860
plan is on track
congratulations you are profitable
Trade closed: target reached
check EUR/USDHit + 80 pips from 1.0860
congratulations
plan is on track
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.